The Government of the Russian Federation has approved in general the investment program of Russian Railways (JSC RZD) until 2015. Overall, the country will inject RUB 1.1 trillion in the state-owned rail monopoly development. Part of the money will be invested in elimination of "bottlenecks," on the rail network carrying loads to the Russian ports. However, the Ministry of Economic Development believes that RZD should better cut down on costs instead of hiking rates and seeking the government assistance.
2012 November 10
A trillion for RZD
The Government of the Russian Federation has approved in general the investment program of Russian Railways (JSC RZD) until 2015. Overall, the country will inject RUB 1.1 trillion in the state-owned rail monopoly development. Part of the money will be invested in elimination of "bottlenecks," on the rail network carrying loads to the Russian ports. However, the Ministry of Economic Development believes that RZD should better cut down on costs instead of hiking rates and seeking the government assistance.